Destroying the World Economy ASAP
The two positions in life that require ZERO experience are (1) politician and (2) becoming a parent. We often hear blaming foreign buyers in real estate for the rise in [...]
The Perfect Financial Storm
COMMENT: Martin,
Have read the two blogs on the Emerging Markets. Hit like a cold bucket of ice water. Knew something was coming from all your writings and the EMC, but Wow. Right in front of us.
Here is an observation, a thought:
Emerging Markets could turn out to be the Sub-Prime of this new era.
On the periphery. A Liquidity crises. Unplanned for, because Unexpected.
J
REPLY: This is going to be an extremely interesting WEC. Whatever could go wrong is going wrong in the world. It is becoming the perfect financial storm as we head into the bottom of the Economic Confidence Model. We have politicians only looking at saving their own power who are blind to the implications of their actions on a global scale. There are even rumors now that Recep Tayyip Erdoğan will claim some manipulation of the election by another country in a vast conspiracy. If he loses, he will likely refuse to leave office.
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